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IATCO Industries.

IATCO Industries announced three projects that will expand its production capacity both internally and externally. The company will double its current production capacity for 12/16.5 tires at its Mississauga facility with a recent order for production molding equipment. The company also announced the establishment of a 50-50 joint venture between its Australian partner Altrack Limited and Asiatic Development, one of Malaysia's largest rubber plantation companies. The joint venture will establish a rubber segment facility in Malaysia. Over the medium to long-term this should provide IATCO with an additional source of low-cost rubber components for its non-pneumatic tires. The third project expands IATCO's off-road tire offering. The company recently began manufacturing and distribution of two sizes of off-road tires. The tires have been approved by several original equipment manufacturers such as Melroe (Bobcat), Case, Ford New Holland, John Deere and Thomas.
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Title Annotation:Acquisitions, Expansions
Publication:Rubber World
Article Type:Brief Article
Date:Jun 1, 1992
Words:142
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